Consolidated Edison Co Of New York 10-K 22 Feb 10 2009 FY Annual report Financial data

Statement Of Income Alternative

Statement Of Income Alternative (USD $)
In Millions, except Per Share data	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
CONSOLIDATED EDISON INC
OPERATING REVENUES
Electric	$8,320	$8,611	$8,110
Gas	1,943	2,097	2,025
Steam	661	707	686
Non-utility	2,108	2,168	2,299
TOTAL OPERATING REVENUES	13,032	13,583	13,120
OPERATING EXPENSES
Purchased power	4,776	5,749	5,428
Fuel	503	663	624
Gas purchased for resale	963	1,172	1,173
Other operations and maintenance	2,555	2,259	2,080
Depreciation and amortization	791	717	645
Taxes, other than income taxes	1,545	1,364	1,323
TOTAL OPERATING EXPENSES	11,133	11,924	11,273
Gain on sale of electricity generating plants	0	261	0
OPERATING INCOME	1,899	1,920	1,847
OTHER INCOME (DEDUCTIONS)
Investment and other income	32	89	58
Allowance for equity funds used during construction	14	8	8
Other deductions	(15)	(16)	(23)
TOTAL OTHER INCOME (DEDUCTIONS)	31	81	43
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE	1,930	2,001	1,890
INTEREST EXPENSE
Interest on long-term debt	590	519	470
Other interest	30	33	57
Allowance for borrowed funds used during construction	(9)	(8)	(10)
NET INTEREST EXPENSE	611	544	517
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES	1,319	1,457	1,373
INCOME TAX EXPENSE	440	524	437
INCOME FROM CONTINUING OPERATIONS	879	933	936
INCOME FROM DISCONTINUED OPERATIONS
Gain on sale of electricity generating plants, net of tax expense of $174 in 2008	0	270	0
Income from discontinued operations, net of tax expense of $3 and $1 in 2008 and 2007, respectively	0	4	4
TOTAL INCOME FROM DISCONTINUED OPERATIONS	0	274	4
NET INCOME	879	1,207	940
Preferred stock dividend requirements of subsidiary	(11)	(11)	(11)
NET INCOME FOR COMMON STOCK	868	1,196	929
EARNINGS PER COMMON SHARE - BASIC
Continuing operations	3.16	3.37	3.48
Discontinued operations	$0	1.01	0.01
Net income	3.16	4.38	3.49
EARNINGS PER COMMON SHARE-DILUTED
Continuing operations	3.14	3.36	3.46
Discontinued operations	$0	1.01	0.01
Net income	3.14	4.37	3.47
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK	2.36	2.34	2.32
AVERAGE NUMBER OF SHARES OUTSTANDING- BASIC (IN MILLIONS)	275.2	272.9	266.3
AVERAGE NUMBER OF SHARES OUTSTANDING - DILUTED (IN MILLIONS)	276.3	273.6	267.3
CONSOLIDATED EDISON INC | Retained Earnings
INCOME FROM DISCONTINUED OPERATIONS
NET INCOME FOR COMMON STOCK	868	1,196	929
CONSOLIDATED EDISON CO OF NEW YORK INC
OPERATING REVENUES
Electric	7,674	7,878	7,440
Gas	1,701	1,839	1,759
Steam	661	707	686
TOTAL OPERATING REVENUES	10,036	10,424	9,885
OPERATING EXPENSES
Purchased power	2,583	3,185	3,014
Fuel	503	660	588
Gas purchased for resale	818	999	978
Other operations and maintenance	2,186	1,937	1,780
Depreciation and amortization	744	672	593
Taxes, other than income taxes	1,486	1,304	1,263
TOTAL OPERATING EXPENSES	8,320	8,757	8,216
OPERATING INCOME	1,716	1,667	1,669
OTHER INCOME (DEDUCTIONS)
Investment and other income	34	21	41
Allowance for equity funds used during construction	12	7	7
Other deductions	(13)	(12)	(12)
TOTAL OTHER INCOME (DEDUCTIONS)	33	16	36
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE	1,749	1,683	1,705
INTEREST EXPENSE
Interest on long-term debt	534	474	428
Other interest	27	25	39
Allowance for borrowed funds used during construction	(8)	(7)	(9)
NET INTEREST EXPENSE	553	492	458
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES	1,196	1,191	1,247
INCOME TAX EXPENSE	404	397	392
INCOME FROM DISCONTINUED OPERATIONS
NET INCOME	792	794	855
Preferred stock dividend requirements of subsidiary	(11)	(11)	(11)
NET INCOME FOR COMMON STOCK	781	783	844
CONSOLIDATED EDISON CO OF NEW YORK INC | Retained Earnings
INCOME FROM DISCONTINUED OPERATIONS
NET INCOME	$792	$794	$855

1_Statement Of Income Alternati

Statement Of Income Alternative (Parenthetical) (CONSOLIDATED EDISON INC, USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Gain on sale of electricity generating plants, tax expense	$0	$174	$0
Income from discontinued operations, tax expense	$0	$3	$1

Statement Of Cash Flows Indirec

Statement Of Cash Flows Indirect (USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
CONSOLIDATED EDISON INC
OPERATING ACTIVITIES
Net income	$879	$1,207	$940
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME
Depreciation and amortization	791	717	667
Deferred income taxes	436	470	335
Rate case amortization and accruals	(63)	(176)	(316)
Net transmission and distribution reconciliation	0	(50)	(187)
Common equity component of allowance for funds used during construction	(14)	(8)	(8)
Prepaid pension costs (net of capitalized amounts)	0	0	(13)
Net derivative (gains)/losses	(31)	100	8
Pre-tax gain on sale of electricity generating plants	0	(704)	0
Other non-cash items (net)	(77)	(83)	72
CHANGES IN ASSETS AND LIABILITIES
Accounts receivable - customers, less allowance for uncollectibles	51	18	(150)
Materials and supplies, including fuel oil and gas in storage	161	(111)	45
Other receivables and other current assets	(346)	(110)	217
Prepayments	566	(578)	38
Recoverable energy costs	90	124	16
Accounts payable	(18)	(92)	64
Pensions and retiree benefits	(14)	18	(21)
Accrued taxes	(6)	31	(3)
Accrued interest	17	(10)	10
Deferred charges, noncurrent assets and other regulatory assets	112	(443)	(66)
Deferred credits and other regulatory liabilities	(23)	303	(173)
Other assets	(5)	121	(19)
Other liabilities	(40)	(104)	110
NET CASH FLOWS FROM OPERATING ACTIVITIES	2,466	640	1,566
INVESTING ACTIVITIES
Utility construction expenditures (excluding capitalized support costs)	(2,184)	(2,322)	(1,928)
Cost of removal less salvage	(181)	(198)	(190)
Non-utility construction expenditures	(9)	(4)	(6)
Common equity component of allowance for funds used during construction	14	8	8
Proceeds from sale of electricity generation projects	0	1,477	0
Proceeds from sale of properties	0	0	30
Purchase of ownership interest in Hawkeye lease	0	(12)	0
Purchase of ownership interest in Newington SCS	0	(20)	0
NET CASH FLOWS USED IN INVESTING ACTIVITIES	(2,360)	(1,071)	(2,086)
FINANCING ACTIVITIES
Net (payments of)/proceeds from short-term debt	(363)	(477)	723
Retirement of long-term debt	(662)	(487)	(699)
Issuance of long-term debt	1,470	1,850	525
Issuance of common stock	257	51	685
Debt issuance costs	(10)	(13)	(5)
Common stock dividends	(601)	(618)	(582)
Preferred stock dividends	(11)	(11)	(11)
NET CASH FLOWS (USED IN)/FROM FINANCING ACTIVITIES	80	295	636
CASH AND TEMPORARY CASH INVESTMENTS:
NET CHANGE FOR THE PERIOD	186	(136)	116
BALANCE AT BEGINNING OF PERIOD	74	210	94
BALANCE AT END OF PERIOD	260	74	210
Cash paid during the period for:
Interest	558	557	463
Income taxes	12	394	234
CONSOLIDATED EDISON CO OF NEW YORK INC
OPERATING ACTIVITIES
Net income	792	794	855
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME
Depreciation and amortization	744	672	593
Deferred income taxes	364	500	320
Rate case amortization and accruals	(63)	(176)	(316)
Net transmission and distribution reconciliation	0	(50)	(187)
Common equity component of allowance for funds used during construction	(12)	(7)	(7)
Prepaid pension costs (net of capitalized amounts)	0	0	(13)
Other non-cash items (net)	(56)	(33)	(17)
CHANGES IN ASSETS AND LIABILITIES
Accounts receivable - customers, less allowance for uncollectibles	33	16	(116)
Materials and supplies, including fuel oil and gas in storage	133	(91)	14
Other receivables and other current assets	(122)	(195)	198
Prepayments	456	(457)	3
Recoverable energy costs	111	99	28
Accounts payable	(118)	60	38
Pensions and retiree benefits	0	(16)	(39)
Accrued taxes	(16)	36	(82)
Accrued interest	6	(3)	13
Deferred charges, noncurrent assets and other regulatory assets	57	(374)	(138)
Deferred credits and other regulatory liabilities	(25)	280	(2)
Other liabilities	(62)	(19)	106
NET CASH FLOWS FROM OPERATING ACTIVITIES	2,222	1,036	1,251
INVESTING ACTIVITIES
Utility construction expenditures (excluding capitalized support costs)	(2,057)	(2,202)	(1,816)
Cost of removal less salvage	(176)	(195)	(187)
Common equity component of allowance for funds used during construction	12	7	7
Loan to affiliate	113	(58)	(55)
Proceeds from sale of properties	0	0	30
NET CASH FLOWS USED IN INVESTING ACTIVITIES	(2,108)	(2,448)	(2,021)
FINANCING ACTIVITIES
Net (payments of)/proceeds from short-term debt	(253)	(302)	555
Retirement of long-term debt	(655)	(280)	(330)
Issuance of long-term debt	1,350	1,800	525
Debt issuance costs	(10)	(13)	(5)
Capital contribution by parent	211	752	658
Common stock dividends	(652)	(618)	(548)
Preferred stock dividends	(11)	(11)	(11)
NET CASH FLOWS (USED IN)/FROM FINANCING ACTIVITIES	(20)	1,328	844
CASH AND TEMPORARY CASH INVESTMENTS:
NET CHANGE FOR THE PERIOD	94	(84)	74
BALANCE AT BEGINNING OF PERIOD	37	121	47
BALANCE AT END OF PERIOD	131	37	121
Cash paid during the period for:
Interest	513	473	407
Income taxes	26	(1)	307
CONSOLIDATED EDISON CO OF NEW YORK INC | Retained Earnings
OPERATING ACTIVITIES
Net income	$792	$794	$855

2_Statement Of Cash Flows Indir

Statement Of Cash Flows Indirect (Parenthetical) (USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
CONSOLIDATED EDISON INC
Utility construction expenditures, excluding capitalized support costs	$0	$0	($63)
CONSOLIDATED EDISON CO OF NEW YORK INC
Utility construction expenditures, excluding capitalized support costs	$0	$0	($63)

Statement Of Financial Position

Statement Of Financial Position Classified (USD $)
In Millions	Dec. 31, 2009	Dec. 31, 2008
CONSOLIDATED EDISON INC
CURRENT ASSETS
Cash and temporary cash investments	$260	$74
Accounts receivable - customers, less allowance for uncollectible accounts	1,047	1,098
Other receivables, less allowance for uncollectible accounts	272	194
Accrued unbilled revenue	579	131
Fuel oil, at average cost	39	37
Gas in storage, at average cost	164	325
Materials and supplies, at average cost	152	154
Prepayments	131	697
Fair value of derivative assets	104	162
Recoverable energy costs	60	172
Deferred derivative losses	141	288
Revenue decoupling mechanism receivable	117	22
Other current assets	177	15
TOTAL CURRENT ASSETS	3,243	3,369
INVESTMENTS	385	356
UTILITY PLANT AT ORIGINAL COST
Electric	18,645	17,483
Gas	3,983	3,696
Steam	1,935	1,849
General	1,866	1,795
TOTAL	26,429	24,823
Less: Accumulated depreciation	5,412	5,079
Net	21,017	19,744
Construction work in progress	1,422	1,109
NET UTILITY PLANT	22,439	20,853
NON-UTILITY PLANT
Non-utility property, less accumulated depreciation	19	20
Construction work in progress	6	1
NET PLANT	22,464	20,874
OTHER NONCURRENT ASSETS
Goodwill	416	411
Intangible assets, less accumulated amortization of $2 in 2009 and 2008	4	5
Regulatory assets	7,103	8,055
Other deferred charges and noncurrent assets	258	428
TOTAL OTHER NONCURRENT ASSETS	7,781	8,899
TOTAL ASSETS	33,873	33,498
CURRENT LIABILITIES
Long-term debt due within one year	731	482
Notes payable	0	363
Accounts payable	1,078	1,161
Customer deposits	274	265
Accrued taxes	51	57
Accrued interest	156	139
Accrued wages	91	88
Fair value of derivative liabilities	114	192
Deferred derivative gains	8	23
Deferred income taxes	24	70
Uncertain income taxes	97	0
Other current liabilities	328	365
TOTAL CURRENT LIABILITIES	2,952	3,205
NONCURRENT LIABILITIES
Obligations under capital leases	14	17
Provision for injuries and damages	168	169
Pensions and retiree benefits	3,363	4,511
Superfund and other environmental costs	212	250
Uncertain income taxes	0	118
Asset retirement obligations	122	115
Fair value of derivative liabilities	131	120
Other noncurrent liabilities	108	79
TOTAL NONCURRENT LIABILITIES	4,118	5,379
DEFERRED CREDITS AND REGULATORY LIABILITIES
Deferred income taxes and investment tax credits	5,597	4,999
Regulatory liabilities	858	737
Other deferred credits	32	35
TOTAL DEFERRED CREDITS AND REGULATORY LIABILITIES	6,487	5,771
LONG-TERM DEBT (See Statement of Capitalization)	9,854	9,232
SHAREHOLDER'S EQUITY
Common shareholder's equity (See Statement of Common Shareholder's Equity)	10,249	9,698
Preferred stock (See Statement of Capitalization)	213	213
TOTAL SHAREHOLDER'S EQUITY	10,462	9,911
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY	33,873	33,498
CONSOLIDATED EDISON INC | Common Stock
SHAREHOLDER'S EQUITY
Common shareholder's equity (See Statement of Common Shareholder's Equity)	30	29
CONSOLIDATED EDISON INC | Additional Paid- In Capital
SHAREHOLDER'S EQUITY
Common shareholder's equity (See Statement of Common Shareholder's Equity)	4,420	4,112
CONSOLIDATED EDISON INC | Retained Earnings
SHAREHOLDER'S EQUITY
Common shareholder's equity (See Statement of Common Shareholder's Equity)	6,904	6,685
CONSOLIDATED EDISON INC | Repurchased Con Edison Stock
SHAREHOLDER'S EQUITY
Common shareholder's equity (See Statement of Common Shareholder's Equity)	(1,001)	(1,001)
CONSOLIDATED EDISON INC | Capital Stock Expense
SHAREHOLDER'S EQUITY
Common shareholder's equity (See Statement of Common Shareholder's Equity)	(62)	(60)
CONSOLIDATED EDISON INC | Accumulated Other Comprehensive Income/(Loss)
SHAREHOLDER'S EQUITY
Common shareholder's equity (See Statement of Common Shareholder's Equity)	(42)	(67)
CONSOLIDATED EDISON CO OF NEW YORK INC
CURRENT ASSETS
Cash and temporary cash investments	131	37
Accounts receivable - customers, less allowance for uncollectible accounts	904	937
Other receivables, less allowance for uncollectible accounts	134	127
Accrued unbilled revenue	413	0
Accounts receivable from affiliated companies	124	272
Fuel oil, at average cost	39	37
Gas in storage, at average cost	131	261
Materials and supplies, at average cost	140	145
Prepayments	82	538
Fair value of derivative assets	39	71
Recoverable energy costs	0	146
Deferred derivative losses	104	247
Revenue decoupling mechanism receivable	107	19
Other current assets	50	3
TOTAL CURRENT ASSETS	2,398	2,840
INVESTMENTS	126	93
UTILITY PLANT AT ORIGINAL COST
Electric	17,570	16,460
Gas	3,537	3,273
Steam	1,935	1,849
General	1,708	1,646
TOTAL	24,750	23,228
Less: Accumulated depreciation	4,947	4,636
Net	19,803	18,592
Construction work in progress	1,334	1,051
NET UTILITY PLANT	21,137	19,643
NON-UTILITY PLANT
Non-utility property, less accumulated depreciation	9	11
NET PLANT	21,146	19,654
OTHER NONCURRENT ASSETS
Regulatory assets	6,590	7,486
Other deferred charges and noncurrent assets	201	342
TOTAL OTHER NONCURRENT ASSETS	6,791	7,828
TOTAL ASSETS	30,461	30,415
CURRENT LIABILITIES
Long-term debt due within one year	625	475
Notes payable	0	253
Accounts payable	843	952
Accounts payable to affiliated companies	17	26
Customer deposits	259	250
Accrued taxes	41	41
Accrued taxes to affiliated companies	9	25
Accrued interest	137	131
Accrued wages	89	80
Fair value of derivative liabilities	45	87
Deferred derivative gains	8	23
Deferred income taxes	0	59
Uncertain income taxes	92	0
Other current liabilities	282	325
TOTAL CURRENT LIABILITIES	2,447	2,727
NONCURRENT LIABILITIES
Obligations under capital leases	14	17
Provision for injuries and damages	160	163
Pensions and retiree benefits	2,978	4,059
Superfund and other environmental costs	159	196
Uncertain income taxes	0	108
Asset retirement obligations	122	115
Fair value of derivative liabilities	44	29
Other noncurrent liabilities	68	61
TOTAL NONCURRENT LIABILITIES	3,545	4,748
DEFERRED CREDITS AND REGULATORY LIABILITIES
Deferred income taxes and investment tax credits	5,139	4,611
Regulatory liabilities	703	600
Other deferred credits	29	31
TOTAL DEFERRED CREDITS AND REGULATORY LIABILITIES	5,871	5,242
LONG-TERM DEBT (See Statement of Capitalization)	9,038	8,494
SHAREHOLDER'S EQUITY
Common shareholder's equity (See Statement of Common Shareholder's Equity)	9,347	8,991
Preferred stock (See Statement of Capitalization)	213	213
TOTAL SHAREHOLDER'S EQUITY	9,560	9,204
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY	30,461	30,415
CONSOLIDATED EDISON CO OF NEW YORK INC | Common Stock
SHAREHOLDER'S EQUITY
Common shareholder's equity (See Statement of Common Shareholder's Equity)	589	589
CONSOLIDATED EDISON CO OF NEW YORK INC | Additional Paid- In Capital
SHAREHOLDER'S EQUITY
Common shareholder's equity (See Statement of Common Shareholder's Equity)	3,877	3,664
CONSOLIDATED EDISON CO OF NEW YORK INC | Retained Earnings
SHAREHOLDER'S EQUITY
Common shareholder's equity (See Statement of Common Shareholder's Equity)	5,909	5,780
CONSOLIDATED EDISON CO OF NEW YORK INC | Repurchased Con Edison Stock
SHAREHOLDER'S EQUITY
Common shareholder's equity (See Statement of Common Shareholder's Equity)	(962)	(962)
CONSOLIDATED EDISON CO OF NEW YORK INC | Capital Stock Expense
SHAREHOLDER'S EQUITY
Common shareholder's equity (See Statement of Common Shareholder's Equity)	(62)	(60)
CONSOLIDATED EDISON CO OF NEW YORK INC | Accumulated Other Comprehensive Income/(Loss)
SHAREHOLDER'S EQUITY
Common shareholder's equity (See Statement of Common Shareholder's Equity)	($4)	($20)

3_Statement Of Financial Positi

Statement Of Financial Position Classified (Parenthetical) (USD $)
In Millions	Dec. 31, 2009	Dec. 31, 2008
CONSOLIDATED EDISON INC
Accounts receivable-customers, allowance for uncollectible accounts	$70	$60
Other receivables, allowance for uncollectible accounts	5	4
Non-utility property, accumulated depreciation	45	40
Intangible assets, accumulated amortization	2	2
CONSOLIDATED EDISON CO OF NEW YORK INC
Accounts receivable-customers, allowance for uncollectible accounts	63	53
Other receivables, allowance for uncollectible accounts	4	3
Non-utility property, accumulated depreciation	$20	$19

Statement Of Other Comprehensiv

Statement Of Other Comprehensive Income (USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
CONSOLIDATED EDISON INC
Net income	$879	$1,207	$940
OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAXES
Pension plan liability adjustments, net of taxes	26	(31)	0
Unrealized gains/(losses) on derivatives qualified as cash flow hedges, net of $(1) and $2 taxes in 2008 and 2007, respectively	0	(2)	3
Less: Reclassification adjustment for (gains)/losses included in net income, net of $1, $(1) and $(25) taxes in 2009, 2008 and 2007, respectively	1	(1)	(37)
Less: Reclassification adjustment for unrealized losses included in regulatory assets, net of $(5) taxes in 2008	0	(8)	0
TOTAL OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAXES	25	(24)	40
COMPREHENSIVE INCOME	904	1,183	980
Preferred stock dividend requirements of subsidiary	(11)	(11)	(11)
COMPREHENSIVE INCOME FOR COMMON STOCK	893	1,172	969
CONSOLIDATED EDISON INC | Accumulated Other Comprehensive Income/(Loss)
OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAXES
TOTAL OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAXES	25	(24)	40
CONSOLIDATED EDISON CO OF NEW YORK INC
Net income	792	794	855
OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAXES
Pension plan liability adjustments, net of taxes	16	(11)	0
TOTAL OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAXES	16	(11)	0
COMPREHENSIVE INCOME	808	783	855
Preferred stock dividend requirements of subsidiary	(11)	(11)	(11)
CONSOLIDATED EDISON CO OF NEW YORK INC | Retained Earnings
Net income	792	794	855
CONSOLIDATED EDISON CO OF NEW YORK INC | Accumulated Other Comprehensive Income/(Loss)
OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAXES
TOTAL OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAXES	$16	($11)

4_Statement Of Other Comprehens

Statement Of Other Comprehensive Income (Parenthetical) (USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
CONSOLIDATED EDISON INC
Pension plan liability adjustments, taxes	$17	($21)	$0
Unrealized gains/( losses) on derivatives qualified as cash flow hedges, taxes	0	(1)	2
Less: Reclassification adjustment for (gains)/losses included in net income, taxes	1	(1)	(25)
Less: Reclassification adjustment for unrealized losses included in regulatory assets, taxes	0	(5)	0
CONSOLIDATED EDISON CO OF NEW YORK INC
Pension plan liability adjustments, taxes	$11	($7)	$0

Statement Of Shareholders Equit

Statement Of Shareholders Equity And Other Comprehensive Income (USD $)
In Millions, except Share data	CONSOLIDATED EDISON INC	CONSOLIDATED EDISON INC Common Stock	CONSOLIDATED EDISON INC Additional Paid- In Capital	CONSOLIDATED EDISON INC Retained Earnings	CONSOLIDATED EDISON INC Repurchased Con Edison Stock	CONSOLIDATED EDISON INC Capital Stock Expense	CONSOLIDATED EDISON INC Accumulated Other Comprehensive Income/(Loss)	CONSOLIDATED EDISON CO OF NEW YORK INC	CONSOLIDATED EDISON CO OF NEW YORK INC Common Stock	CONSOLIDATED EDISON CO OF NEW YORK INC Additional Paid- In Capital	CONSOLIDATED EDISON CO OF NEW YORK INC Retained Earnings	CONSOLIDATED EDISON CO OF NEW YORK INC Repurchased Con Edison Stock	CONSOLIDATED EDISON CO OF NEW YORK INC Capital Stock Expense	CONSOLIDATED EDISON CO OF NEW YORK INC Accumulated Other Comprehensive Income/(Loss)
BEGINNING BALANCE at Dec. 31, 2006	$8,004	$28	$3,314	$5,804	($1,001)	($58)	($83)	$7,132	$589	$2,252	$5,320	($962)	($58)	($9)
BEGINNING BALANCE (in shares) at Dec. 31, 2006		257,456,303			23,210,700				235,488,094
Net income	940							855			855
Net income for common stock	929			929				844
Common stock dividend to parent	(620)			(620)				(548)			(548)
Capital contribution by parent								658		660			(2)
Cumulative preferred dividends								(11)			(11)
Issuance of common shares - public offering (in shares)		11,000,000
Issuance of common shares - public offering	558	1	559			(2)
Issuance of common shares - dividend reinvestment and employee stock plans (in shares)		3,568,571
Issuance of common shares - dividend reinvestment and employee stock plans	165		165
Other comprehensive income	40						40	0
ENDING BALANCE (in shares) at Dec. 31, 2007		272,024,874			23,210,700				235,488,094
ENDING BALANCE at Dec. 31, 2007	9,076	29	4,038	6,113	(1,001)	(60)	(43)	8,086	589	2,912	5,616	(962)	(60)	(9)
Net income	1,207							794			794
Net income for common stock	1,196			1,196				783
Common stock dividend to parent	(639)			(639)				(618)			(618)
Capital contribution by parent								752		752
Cumulative preferred dividends								(12)			(12)
Issuance of common shares - dividend reinvestment and employee stock plans (in shares)		1,696,812
Issuance of common shares - dividend reinvestment and employee stock plans	74		74
Other comprehensive income	(24)						(24)	(11)						(11)
Adjustment for adoption of fair value standard net of taxes	15			15
ENDING BALANCE (in shares) at Dec. 31, 2008		273,721,686			23,210,700				235,488,094
ENDING BALANCE at Dec. 31, 2008	9,698	29	4,112	6,685	(1,001)	(60)	(67)	8,991	589	3,664	5,780	(962)	(60)	(20)
Net income	879							792			792
Net income for common stock	868			868				781
Common stock dividend to parent	(649)			(649)				(652)			(652)
Capital contribution by parent								211		213			(2)
Cumulative preferred dividends								(11)			(11)
Issuance of common shares - public offering (in shares)		5,000,000
Issuance of common shares - public offering	213	1	214			(2)
Issuance of common shares - dividend reinvestment and employee stock plans (in shares)		2,402,055
Issuance of common shares - dividend reinvestment and employee stock plans	94		94
Other comprehensive income	25						25	16						16
ENDING BALANCE (in shares) at Dec. 31, 2009		281,123,741			23,210,700				235,488,094
ENDING BALANCE at Dec. 31, 2009	$10,249	$30	$4,420	$6,904	($1,001)	($62)	($42)	$9,347	$589	$3,877	$5,909	($962)	($62)	($4)

Summary of Significant Accounti

Summary of Significant Accounting Policies
	12 Months Ended Dec. 31, 2009
Summary of Significant Accounting Policies	Note A Summary of Significant Accounting Policies Principles of Consolidation The Companies consolidated financial statements include the accounts of their respective majority-owned subsidiaries, and variable interest entities (see Note Q), as required. All intercompany balances and transactions have been eliminated. Accounting Policies The accounting policies of Con Edison and its subsidiaries conform to accounting principles generally accepted in the United States of America. For the Utilities, these accounting principles include the accounting rules for regulated operations and the accounting requirements of the Federal Energy Regulatory Commission (FERC) and the state public utility regulatory commissions having jurisdiction. The accounting rules for regulated operations specify the economic effects that result from the causal relationship of costs and revenues in the rate-regulated environment and how these effects are to be accounted for by a regulated enterprise. Revenues intended to cover some costs may be recorded either before or after the costs are incurred. If regulation provides assurance that incurred costs will be recovered in the future, these costs would be recorded as deferred charges or regulatory assets under the accounting rules for regulated operations. If revenues are recorded for costs that are expected to be incurred in the future, these revenues would be recorded as deferred credits or regulatory liabilities under the accounting rules for regulated operations. The Utilities principal regulatory assets and liabilities are detailed in Note B. The Utilities are receiving or being credited with a return on all of their regulatory assets for which a cash outflow has been made, and are paying or being charged with a return on all of their regulatory liabilities for which a cash inflow has been received. The Utilities regulatory assets and liabilities will be recovered from customers, or applied for customer benefit, in accordance with rate provisions approved by the applicable public utility regulatory commission. Other significant accounting policies of the Companies are referenced below in this Note A and in the notes that follow. Plant and Depreciation Utility Plant Utility plant is stated at original cost. The cost of repairs and maintenance is charged to expense and the cost of betterments is capitalized. The capitalized cost of additions to utility plant includes indirect costs such as engineering, supervision, payroll taxes, pensions, other benefits and an allowance for funds used during construction (AFDC). The original cost of property is charged to expense over the estimated useful lives of the assets. Upon retirement, the original cost of property is charged to accumulated depreciation. See Note R. Rates used for AFDC include the cost of borrowed funds and a reasonable rate of return on the Utilities own funds when so used, determined in accordance with regulations of the FERC or the state public utility regulatory authority having jurisdiction. The rate is compounded semiannually, and the amounts applicable to borrowed funds are treated as a reduction of interest charges, while the am

Regulatory Matters

Regulatory Matters
	12 Months Ended Dec. 31, 2009
Regulatory Matters	Note B Regulatory Matters Rate Agreements CECONY Electric In March 2005, the NYSPSC approved a Joint Proposal by CECONY, the staff of the NYSPSC and other parties with respect to the rates the company can charge its customers for electric delivery service (the 2005 Electric Rate Agreement). The 2005 Electric Rate Agreement covered the three-year period April 2005 through March 2008, pursuant to which CECONYs electric base rates were increased $104.6 million, effective April1, 2005, and were increased an additional $220.4 million (of which $60 million was accrued over the period beginning April1, 2006 to March31, 2007), effective April1, 2007. In addition, the company retained the first $60 million of auction proceeds from the sale of transmission rights on the companys transmission system in each of the three years. The rate increases also included the amortization of certain regulatory assets and liabilities. The net effect of this amortization was a non-cash increase in electric revenues of $128 million, $173 million and $249 million in the first, second and third rate years, respectively. The 2005 Electric Rate Agreement provided for annual reconciliations of the differences between the actual amount of transmission and distribution utility plant, net of depreciation (Net TD) and the actual amount of certain operating costs experienced over the term of the agreement, as compared in each case to the amounts reflected in electric rates. Actual Net TD was greater than the Net TD reflected in rates, and in accordance with the 2005 Electric Rate Agreement, the company accrued a regulatory asset and increased its revenues by the revenue requirement impact of such difference (i.e., a return on investment, depreciation and income taxes). If the actual Net TD had been less than the Net TD reflected in rates, the company would have accrued a regulatory liability and decreased its revenues by the revenue requirement impact of such difference. For the period from April1, 2005 through March31, 2008, actual Net TD exceeded the Net TD reflected in rates by approximately $1.5 billion. The company accrued revenues of $50 million, $187 million and $115 million in 2008, 2007 and 2006, respectively, to reflect the revenue requirement impact of the Net TD difference. In accordance with the 2005 Electric Rate Agreement, the regulatory assets associated with the accrued revenues were offset at the end of each rate year with a like amount of regulatory liabilities. The NYSPSCs March 2008 and April 2009 orders and the November 2009 Joint Proposal covering CECONYs electric rates, discussed below, provide for the collection of a portion of the companys electric revenues ($237 million in the rate year ended March 2009, $254 million for the rate year ending March 2010 and, beginning April 2010, $249 million on an annual basis) subject to potential refund to customers following NYSPSC review and completion of an investigation by the NYSPSC staff of the companys capital expenditures during the April 2005 through March 2008 period covered by the 2005 Electric Rate Agreement for transmission and distribution utility plant (the 2005-2008 Capital Expenditu

Capitalization

Capitalization
	12 Months Ended Dec. 31, 2009
Capitalization	Note C Capitalization Common Stock At December31, 2009 and 2008, Con Edison owned all of the issued and outstanding shares of common stock of the Utilities and the competitive energy businesses. CECONY owns 21,976,200 shares of Con Edison stock, which it purchased prior to 2001 in connection with Con Edisons stock repurchase plan. CECONY presents in the financial statements the cost of the Con Edison stock it owns as a reduction of common shareholders equity. Capitalization of Con Edison The outstanding capitalization for each of the Companies is shown on its Consolidated Statement of Capitalization, and for Con Edison includes the Utilities outstanding preferred stock and debt. Preferred Stock of CECONY As of December31, 2009, 1,915,319 shares of CECONYs $5 Cumulative Preferred Stock (the $5Preferred) and 375,626 shares of its Cumulative Preferred Stock ($100 par value) were outstanding. Dividends on the $5 Preferred Stock are $5 per share per annum, payable quarterly, and dividends on the Cumulative Preferred Stock are $4.65 per share per annum, payable quarterly. The preferred dividends must be declared by CECONYs Board of Trustees to become payable. See Dividends below. With respect to any corporate action to be taken by a vote of shareholders of CECONY, Con Edison (which owns all of the 235,488,094 shares of CECONYs common stock that are outstanding) and the holders of the $5 Preferred are each entitled to one vote for each share held. Except as otherwise required by law, holders of the Cumulative Preferred Stock have no right to vote; provided, however, that if the $5 Preferred is no longer outstanding, the holders of the Cumulative Preferred Stock are entitled to one vote for each share with respect to any corporate action to be taken by a vote of the shareholders of CECONY. In addition, if dividends are in arrears for certain periods, the holders are entitled to certain rights with respect to the election of CECONYs Trustees. Without the consent of the holders of the Cumulative Preferred Stock, CECONY may not create or authorize any kind of stock ranking prior to the Cumulative Preferred Stock or, if such actions would affect the holders of the Cumulative Preferred Stock adversely, be a party to any consolidation or merger, create or amend the terms of the Cumulative Preferred Stock or reclassify the Cumulative Preferred Stock. CECONY may redeem the $5 Preferred at a redemption price of $105 per share and the Cumulative Preferred Stock at a redemption price of $101 per share (in each case, plus accrued and unpaid dividends). In the event of the dissolution, liquidation or winding up of the affairs of CECONY, before any distribution of capital assets could be made to the holders of the companys common stock, the holders of the $5 Preferred and the Cumulative Preferred Stock would each be entitled to receive $100 per share, in the case of an involuntary liquidation, or an amount equal to the redemption price per share, in the case of a voluntary liquidation, in each case together with all accrued and unpaid dividends. Dividends In accordance with NYSPSC requirements, the dividends that the Utilities generally pa

Short-Term Borrowing

Short-Term Borrowing
	12 Months Ended Dec. 31, 2009
Short-Term Borrowing	Note D Short-Term Borrowing In June 2006, Con Edison and the Utilities entered into an Amended and Restated Credit Agreement (Credit Agreement) under which banks are committed to provide loans and letters of credit, on a revolving credit basis. In June 2007, the Credit Agreement, which was to expire in June 2011, was extended for an additional year. Under the Credit Agreement, there is a maximum of $2.25 billion ($2.2 billion in the additional year) of credit available, with the full amount available to CECONY and $1 billion available to Con Edison. The Credit Agreement supports the Companies commercial paper programs. The Companies have not borrowed under the Credit Agreement. At December31, 2009, Con Edison and CECONY had no commercial paper outstanding. At December31, 2008, Con Edison had $363 million of commercial paper outstanding of which $253 million was outstanding under CECONYs program. The weighted average interest rate was 2.4 percent and 3.2 percent for Con Edison and CECONY, respectively. The banks commitments under the Credit Agreement are subject to certain conditions, including that there be no event of default. The commitments are not subject to maintenance of credit rating levels or the absence of a material adverse change. Upon a change of control of, or upon an event of default by one of the Companies, the banks may terminate their commitments with respect to that company and declare any amounts owed by that company under the Credit Agreement immediately due and payable. Events of default include the exceeding at any time of a ratio of consolidated debt to consolidated total capital of 0.65 to 1 (at December31, 2009, this ratio was 0.50 to 1 for both Con Edison and CECONY); having liens on its assets in an aggregate amount exceeding 5 percent of its consolidated total capital, subject to certain exceptions; and the failure by the company, following any applicable notice period, to meet certain other customary covenants. The fees charged for the revolving credit facilities and any loans made or letters of credit issued under the Credit Agreement reflect the Companies respective credit ratings. At December31, 2009 and 2008, $193 million (including $135 million for CECONY) and $316 million (including $107 million for CECONY) of letters of credit were outstanding under the Credit Agreement, respectively. See Note S for information about short-term borrowing between related parties.

Pension Benefits

Pension Benefits
	12 Months Ended Dec. 31, 2009
Pension Benefits	Note E Pension Benefits Con Edison maintains a tax-qualified, non-contributory pension plan that covers substantially all employees of CECONY and OR and certain employees of Con Edisons competitive energy businesses. The plan is designed to comply with the Internal Revenue Code and the Employee Retirement Income Security Act of 1974. In addition, Con Edison maintains additional non-qualified supplemental pension plans. Net Periodic Benefit Cost The components of the Companies net periodic benefit costs for 2009, 2008 and 2007 were as follows: Con Edison CECONY (Millions of Dollars) 2009 2008 2007 2009 2008 2007 Service cost including administrative expenses $ 159 $ 139 $ 131 $ 149 $ 129 $ 122 Interest cost on projected benefit obligation 525 515 491 492 482 459 Expected return on plan assets (691 ) (691 ) (646 ) (659 ) (660 ) (618 ) Amortization of net actuarial loss 299 192 160 271 170 139 Amortization of prior service costs 8 8 11 7 7 9 NET PERIODIC BENEFIT COST $ 300 $ 163 $ 147 $ 260 $ 128 $ 111 Amortization of regulatory asset* 3 4 4 3 4 4 TOTAL PERIODIC BENEFIT COST $ 303 $ 167 $ 151 $ 263 $ 132 $ 115 Cost capitalized (109 ) (59 ) (50 ) (98 ) (50 ) (41 ) Cost deferred (38 ) (40 ) (86 ) (32 ) (40 ) (87 ) Cost charged (credited) to operating expenses $ 156 $ 68 $ 15 $ 133 $ 42 $ (13 ) * Relates to increases in CECONYs pension obligations of $33 million from a 1993 special retirement program and $45 million from a 1999 special retirement program. Funded Status The funded status at December31, 2009, 2008 and 2007 was as follows: Con Edison CECONY (Millions of Dollars) 2009 2008 2007 2009 2008 2007 CHANGE IN PROJECTED BENEFIT OBLIGATION Projected benefit obligation at beginning of year $ 9,383 $ 8,696 $ 8,300 $ 8,793 $ 8,137 $ 7,767 Service cost excluding administrative expenses 158 137 130 147 128 121 Interest cost on projected benefit obligation 525 515 491 492 482 459 Plan amendments 5 Net actuarial (gain)/loss (215 ) 468 179 (216 ) 449 165 Benefits paid (448 ) (433 ) (404 ) (413 ) (403 ) (375 ) PROJECTED BENEFIT OBLIGATION AT END OF YEAR $ 9,408 $ 9,383 $ 8,696 $ 8,803 $ 8,793 $ 8,137 CHANGE IN PLAN ASSETS Fair value of plan assets at beginning of year $ 5,836 $ 8,400 $ 8,124 $ 5,562 $ 8,025

Other Postretirement Benefits

Other Postretirement Benefits
	12 Months Ended Dec. 31, 2009
Other Postretirement Benefits	Note F Other Postretirement Benefits The Utilities currently have contributory comprehensive hospital, medical and prescription drug programs for all retirees, their dependents and surviving spouses. CECONY also has a contributory life insurance program for bargaining unit employees and provides basic life insurance benefits up to a specified maximum at no cost to retired management employees. OR has a non-contributory life insurance program for retirees. Certain employees of Con Edisons competitive energy businesses are eligible to receive benefits under these programs. Net Periodic Benefit Cost The components of the Companies net periodic postretirement benefit costs for 2009, 2008 and 2007 were as follows: Con Edison CECONY (Millions of Dollars) 2009 2008 2007 2009 2008 2007 Service cost $ 22 $ 20 $ 18 $ 18 $ 16 $ 14 Interest cost on accumulated other postretirement benefit obligation 95 95 93 84 84 82 Expected return on plan assets (86 ) (86 ) (81 ) (78 ) (79 ) (74 ) Amortization of net actuarial loss 74 68 67 65 59 58 Amortization of prior service cost (12 ) (12 ) (14 ) (14 ) (14 ) (14 ) Amortization of transition obligation 3 3 4 3 4 4 NET PERIODIC POSTRETIREMENT BENEFIT COST $ 96 $ 88 $ 87 $ 78 $ 70 $ 70 Cost capitalized (35 ) (32 ) (30 ) (29 ) (27 ) (25 ) Cost charged/(deferred) 3 (11 ) (33 ) 1 (9 ) (30 ) Cost charged to operating expenses $ 64 $ 45 $ 24 $ 50 $ 34 $ 15 Funded Status The funded status of the programs at December31, 2009, 2008 and 2007 were as follows: Con Edison CECONY (Millions of Dollars) 2009 2008 2007 2009 2008 2007 CHANGE IN BENEFIT OBLIGATION Benefit obligation at beginning of year $ 1,702 $ 1,630 $ 1,566 $ 1,495 $ 1,433 $ 1,376 Service cost 22 20 18 18 16 14 Interest cost on accumulated postretirement benefit obligation 95 95 93 84 84 82 Net actuarial loss/(gain) (14 ) 46 29 (3 ) 44 40 Benefits paid and administrative expenses (141 ) (121 ) (125 ) (130 ) (111 ) (114 ) Participant contributions 26 25 19 25 24 19 Medicare prescription benefit 7 7 9 6 5 9 Plan amendments 21 7 BENEFIT OBLIGATION AT END OF YEAR $ 1,697 $ 1,702 $ 1,630 $ 1,495 $ 1,495 $ 1,433 CHANGE IN PLAN ASSETS Fair value of plan assets at beginning of year $ 737 $ 988 $ 1,005 $ 668 $ 907

Environmental Matters

Environmental Matters
	12 Months Ended Dec. 31, 2009
Environmental Matters	Note G Environmental Matters Superfund Sites Hazardous substances, such as asbestos, polychlorinated biphenyls (PCBs) and coal tar, have been used or generated in the course of operations of the Utilities and their predecessors and are present at sites and in facilities and equipment they currently or previously owned, including sites at which gas was manufactured or stored. The Federal Comprehensive Environmental Response, Compensation and Liability Act of 1980 and similar state statutes (Superfund) impose joint and several liability, regardless of fault, upon generators of hazardous substances for investigation and remediation costs (which include costs of demolition, removal, disposal, storage, replacement, containment, and monitoring) and natural resource damages. Liability under these laws can be material and may be imposed for contamination from past acts, even though such past acts may have been lawful at the time they occurred. The sites at which the Utilities have been asserted to have liability under these laws, including their manufactured gas plant sites and any neighboring areas to which contamination may have migrated, are referred to herein as Superfund Sites. For Superfund Sites where there are other potentially responsible parties and the Utilities are not managing the site investigation and remediation, the accrued liability represents an estimate of the amount the Utilities will need to pay to discharge their related obligations. For Superfund Sites (including the manufactured gas plant sites) for which one of the Utilities is managing the investigation and remediation, the accrued liability represents an estimate of the companys share of undiscounted cost to investigate the sites and, for sites that have been investigated in whole or in part, the cost to remediate the sites, if remediation is necessary and if a reasonable estimate of such cost can be made. Remediation costs are estimated in light of the information available, applicable remediation standards, and experience with similar sites. The accrued liabilities and regulatory assets related to Superfund Sites at December31, 2009 and 2008 were as follows: Con Edison CECONY (Millions of Dollars) 2009 2008 2009 2008 Accrued Liabilities: Manufactured gas plant sites $ 164 $ 207 $ 112 $ 155 Other Superfund Sites 48 43 47 41 Total $ 212 $ 250 $ 159 $ 196 Regulatory assets $ 388 $ 378 $ 329 $ 315 Most of the accrued Superfund Site liability relates to sites that have been investigated, in whole or in part. However, for many of the sites, the extent and associated cost of the required remediation has not yet been determined. As investigations progress and information pertaining to the required remediation becomes available, the Utilities expect that additional liability will be accrued, the amount of which is not presently determinable but may be material. Under their current rate agreements, the Utilities are permitted to recover or defer as regulatory assets (for subsequent recovery through r

Other Material Contingencies

Other Material Contingencies
	12 Months Ended Dec. 31, 2009
Other Material Contingencies	Note H Other Material Contingencies Manhattan Steam Main Rupture In July 2007, a CECONY steam main located in midtown Manhattan ruptured. It has been reported that one person died and others were injured as a result of the incident. Several buildings in the area were damaged. Debris from the incident included dirt and mud containing asbestos. The response to the incident required the closing of several buildings and streets for various periods. Approximately 100 suits are pending against the company seeking generally unspecified compensatory and, in some cases, punitive damages, for personal injury, property damage and business interruption. The company has not accrued a liability for the suits. The company has notified its insurers of the incident and believes that the policies in force at the time of the incident will cover most of the companys costs, which the company is unable to estimate, but which could be substantial, to satisfy its liability to others in connection with the incident. Investigation of Contractor Payments In January 2009, CECONY commenced an internal investigation relating to the arrests of certain employees and retired employees (most of whom have since been indicted or pleaded guilty) for accepting kickbacks from contractors that performed construction work for the company. The company has retained a law firm, which has retained an accounting firm, to assist in the companys investigation. The company is providing information to governmental authorities, which consider the company to be a victim of unlawful conduct, in connection with their investigation of the arrested employees and contractors. The company has terminated its employment of the arrested employees and its contracts with the contractors. In February 2009, the NYSPSC commenced a proceeding that, among other things, will examine the prudence of certain of the companys expenditures relating to the arrests and consider whether additional expenditures should also be examined (see Other Regulatory Matters in Note B). The company, based upon its evaluation of its internal controls for 2009 and previous years, believes that the controls were effective to provide reasonable assurance that its financial statements have been fairly presented, in all material respects, in conformity with generally accepted accounting principles. Because the companys investigation is ongoing, the company is unable to predict the impact of any of the employees unlawful conduct on the companys internal controls, business, results of operations or financial position. Permit Non-Compliance and Pollution Discharges In March 2009, the New York State Department of Environmental Conservation (DEC) issued a proposed administrative Order on Consent to CECONY with respect to non-compliance with certain laws, regulations and permit conditions and discharges of pollutants at the companys steam generating facilities. The proposed order effectively institutes a civil enforcement proceeding against the company. In the proposed order, the DEC is seeking, among other things, the companys agreement to pay a penalty in an amount the DEC has not yet specified, retain an independent consul

Electricity Purchase Agreements

Electricity Purchase Agreements
	12 Months Ended Dec. 31, 2009
Electricity Purchase Agreements	Note I Electricity Purchase Agreements CECONY has long-term electricity purchase agreements with non-utility generators and others for generating capacity. The company recovers its purchased power costs in accordance with provisions approved by the NYSPSC. See Recoverable Energy Costs in Note A. At December31, 2009, the significant terms of the electricity purchase agreements were as follows: Facility Equity Owner Plant Output (MW) Contracted Output (MW) Contract Start Date Contract Term (Years) Indian Point Entergy Nuclear Power Marketing, LLC 1,299 1,000 * August 2001 11 Independence Sithe/Independence Power Partners, LP 1,254 680 November 1994 20 Linden Cogeneration Cogen Technologies Linden Venture, LP 1,035 612 May 1992 25 Astoria Energy Astoria Energy, LLC 640 500 May 2006 10 Selkirk Selkirk Cogen Partners, LP 358 265 September 1994 20 Brooklyn Navy Yard Brooklyn Navy Yard Cogeneration Partners, LP 322 281 November 1996 40 Indeck Corinth Indeck Energy Services of Corinth, Inc. 147 131 July 1995 20 * Contracted output will decrease to 850 MW in 2010 and 350 MW in 2011 and 2012. Assuming performance by the parties to the electricity purchase agreements, CECONY is obligated over the terms of the agreements to make capacity and other fixed payments. For the years 2010 through 2014, the capacity and other fixed payments under the contracts are estimated to be as follows: (Millions of Dollars) 2010 2011 2012 2013 2014 CECONY $ 489 $ 480 $ 479 $ 476 $ 416 For energy delivered under most of the electricity purchase agreements, CECONY is obligated to pay variable prices. The companys payments under the agreements for capacity, energy and other fixed payments in 2009, 2008 and 2007 were as follows: For the Years Ended December31, (Millions of Dollars) 2009 2008 2007 Indian Point $ 620 $ 561 $ 468 Linden Cogeneration 395 629 525 Selkirk 175 236 193 Astoria Energy 192 248 281 Brooklyn Navy Yard 124 154 142 Independence 122 101 105 Indeck Corinth 68 120 87 Wheelabrator 10 35 29 Total $ 1,706 $ 2,084 $ 1,830

Leases

Leases
	12 Months Ended Dec. 31, 2009
Leases	Note J Leases Con Edisons subsidiaries lease electric generating and gas distribution facilities, other electric transmission and distribution facilities, office buildings and equipment. In accordance with the accounting rules for leases, these leases are classified as either capital leases, operating leases or leveraged leases. Most of the operating leases provide the option to renew at the fair rental value for future periods. Generally, it is expected that leases will be renewed or replaced in the normal course of business. Capital leases: For ratemaking purposes capital leases are treated as operating leases; therefore, in accordance with the accounting rules for regulated operations, the amortization of the leased asset is based on the rental payments recovered from customers. The following assets under capital leases are included in the Companies consolidated balance sheets at December31, 2009 and 2008: Con Edison CECONY (Millions of Dollars) 2009 2008 2009 2008 UTILITY PLANT Transmission $ 3 $ 5 $ 3 $ 5 Common 16 17 16 17 TOTAL $ 19 $ 22 $ 19 $ 22 The accumulated amortization of the capital leases for Con Edison and CECONY was $53 million each at December31, 2009, and $48 million each at December31, 2008. The future minimum lease commitments for the above assets are as follows: (Millions of Dollars) ConEdison CECONY 2010 $ 8 $ 8 2011 8 8 2012 6 6 2013 2014 All years thereafter 2 2 Total 24 24 Less: amount representing interest 5 5 Present value of net minimum lease payment $ 19 $ 19 CECONY subleases one of its capital leases. The minimum rental to be received in the future under the non-cancelable sublease is $14 million. Operating leases: The future minimum lease commitments under the Companies non-cancelable operating lease agreements are as follows: (Millions of Dollars) ConEdison CECONY 2010 $ 42 $ 41 2011 44 42 2012 45 42 2013 45 43 2014 38 37 All years thereafter 35 26 Total $ 249 $ 231 Lease In/Lease Out Transactions In each of 1997 and 1999, Con Edison Development entered into a transaction in which it leased property and then immediately subleased it back to the lessor (termed Lease In/Lease Out, or LILO transactions). The transactions respectively involve electric generating and gas distribution facilities in the Netherlands, with a total investment of $259 million. The transactions were financed with $93 million of equity and $166 million of non-recourse, long-term debt secured by the underlying assets. In accordance with the accounting rules for leases, Con Edison is accounting for the two LILO transactions as leveraged leases. Accordingly, the companys investment in these leases, net of non-recourse debt, is carried as a single amount in Con Edisons consolidated balance sheet and inc

Goodwill

Goodwill
	12 Months Ended Dec. 31, 2009
Goodwill	Note K Goodwill In 2009 and 2008, Con Edison completed impairment tests for its goodwill of $406 million related to the OR merger, and determined that it was not impaired. For the impairment test, $245 million and $161 million of the goodwill were allocated to CECONY and OR, respectively. In 2009 and 2008, Con Edison completed impairment tests for the goodwill of $10 million and $5 million, respectively, related to two energy services companies acquired by Con Edison Solutions, and determined that it was not impaired.

Income Tax

Income Tax
	12 Months Ended Dec. 31, 2009
Income Tax	Note L Income Tax The components of income tax are as follows: Con Edison CECONY (Millions of Dollars) 2009 2008 2007 2009 2008 2007 Charge/(benefit) to operations: State Current $ (9 ) $ 52 $ 30 $ (5 ) $ 8 $ 20 Deferred net 120 82 72 105 84 70 Federal Current 17 (3 ) 72 29 (106 ) 46 Deferred net 333 387 284 279 416 262 Amortization of investment tax credits (6 ) (6 ) (6 ) (6 ) (6 ) (6 ) TOTAL CHARGE TO OPERATIONS 455 512 452 402 396 392 Charge/(benefit) to other income: State Current (3 ) 1 8 4 (1 ) Deferred net (2 ) 2 (8 ) (2 ) 2 Federal Current (1 ) 4 (9 ) 13 (4 ) 5 Deferred net (9 ) 5 (6 ) (13 ) 4 (5 ) TOTAL CHARGE/(BENEFIT) TO OTHER INCOME (15 ) 12 (15 ) 2 1 TOTAL $ 440 $ 524 $ 437 $ 404 $ 397 $ 392 The tax effect of temporary differences, which gave rise to deferred tax assets and liabilities, is as follows: Con Edison CECONY (Millions of Dollars) 2009 2008 2009 2008 Deferred tax liabilities: Depreciation $ 2,569 $ 2,363 $ 2,426 $ 2,230 Regulatory liability future income tax 1,489 1,374 1,404 1,296 Unrecognized pension and other postretirement costs 1,814 2,284 1,727 2,172 State income tax Capitalized overheads Other 645 477 646 557 479 539 563 419 434 482 437 330 Total deferred tax liabilities 7,640 7,596 6,973 6,947 Deferred tax assets: Unrecognized pension and other postretirement costs 1,814 2,284 1,727 2,172 Regulatory asset future income tax 172 185 155 168 State income tax 27 49 14 16 Other 96 151 1 49 Total deferred tax assets 2,109 2,669 1,897 2,405 NET LIABILITIES 5,531 4,927 5,076 4,542 INVESTMENT TAX CREDITS 66 72 63 69 DEFERRED INCOME TAXES AND INVESTMENT TAX CREDITS $ 5,597 $ 4,999 $ 5,139 $ 4,611 DEFERRED INCOME TAXES RECOVERABLE ENERGY COSTS 24 70 59 TOTAL DEFERRED INCOME TAXES AND INVESTMENT TAX CREDITS $ 5,621 $ 5,069 $ 5,139 $ 4,670 CECONYs 2009 deferred taxes for recoverable energy costs reflects the impact of the companys adoption of unbilled revenue accounting in March

Stock-Based Compensation

Stock-Based Compensation
	12 Months Ended Dec. 31, 2009
Stock-Based Compensation	Note M Stock-Based Compensation The Companies may compensate employees and directors with, among other things, stock options, restricted stock units and contributions to a discount stock purchase plan. The Stock Option Plan (the 1996 Plan) provided for awards of stock options to officers and employees for up to 10million shares of Con Edison common stock. The Long Term Incentive Plan (LTIP), among other things, provides for awards of restricted stock units, stock options and, to Con Edisons non-officer directors, deferred stock units for up to 10million shares of common stock (of which not more than four million shares may be restricted stock or stock units). Shares of Con Edison common stock used to satisfy the Companies obligations with respect to stock-based compensation may be new (authorized, but unissued) shares, treasury shares or shares purchased in the open market. The shares used during the periods ended December31, 2009 and 2008 have been new shares. Under the accounting rules for stock compensation, the Companies have recognized the cost of stock-based compensation as an expense using a fair value measurement method. The following table summarizes stock-based compensation expense recognized by the Companies in the period ended December31, 2009, 2008 and 2007: Con Edison CECONY (Millions of Dollars) 2009 2008 2007 2009 2008 2007 Stock options $ $ 1 $ 1 $ $ 1 $ 1 Restricted stock units 1 1 2 1 1 1 Performance-based restricted stock 20 8 5 19 7 4 Non-officer director deferred stock compensation 1 1 1 1 1 1 Total $ 22 $ 11 $ 9 $ 21 $ 10 $ 7 Stock Options The Companies last issued stock options in 2006. The stock options generally vested over a three-year period and have a term of ten years. Options were granted at an exercise price equal to the fair market value of a common share when the option was granted. The Companies generally recognized compensation expense (based on the fair value of stock option awards) over the continuous service period in which the options vested. Awards to employees eligible for retirement were expensed in the month awarded. The outstanding options are equity awards because shares of Con Edison common stock are delivered upon exercise of the options. As equity awards, the fair value of the options is measured at the grant date. There were no options granted in 2009 and 2008. A summary of changes in the status of stock options awarded as of December31, 2009 is as follows: Con Edison CECONY Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price Outstanding at 12/31/08 6,200,600 $ 43.229 5,187,800 $ 43.335 Exercised (334,800 ) 40.016 (287,900 ) 40.277 Forfeited (552,500 ) 47.817 (531,100 ) 47.850 Outstanding at 12/31/09 5,313,300 $ 42.955 4,368,800 $ 42.988 The changes in the fair value of all outstand

Financial Information by Busine

Financial Information by Business Segment
	12 Months Ended Dec. 31, 2009
Financial Information by Business Segment	Note N Financial Information by Business Segment The business segments of each of the Companies were determined based on managements reporting and decision-making requirements in accordance with the accounting rules for segment reporting. Con Edisons principal business segments are CECONYs regulated electric, gas and steam utility activities, ORs regulated electric and gas utility activities and Con Edisons competitive energy businesses. See Note U. CECONYs principal business segments are its regulated electric, gas and steam utility activities. All revenues of these business segments, excluding revenues earned by Con Edison Development on certain energy infrastructure projects, which are deemed to be immaterial, are from customers located in the United States of America. Also, all assets of the business segments, excluding certain investments in energy infrastructure projects by Con Edison Development ($238 million at December31, 2009), are located in the United States of America. The accounting policies of the segments are the same as those described in Note A. Common services shared by the business segments are assigned directly or allocated based on various cost factors, depending on the nature of the service provided. The financial data for the business segments are as follows: As of and for the Year Ended December31, 2009 (Millions of Dollars) Operating revenues Inter-segment revenues Depreciation and amortization Operating income Interest charges Income tax expense Total assets* Construction expenditures CECONY Electric $ 7,674 $ 12 $ 587 $ 1,368 $ 425 $ 300 $ 23,309 $ 1,596 Gas 1,701 5 98 309 82 90 4,796 339 Steam 661 73 59 39 46 12 2,356 122 Consolidation adjustments (90 ) Total CECONY $ 10,036 $ $ 744 $ 1,716 $ 553 $ 402 $ 30,461 $ 2,057 OR Electric $ 648 $ $ 30 $ 64 $ 18 $ 15 $ 1,554 $ 85 Gas 242 12 28 9 7 627 42 Other* 2 35 Total OR $ 890 $ $ 42 $ 92 $ 29 $ 22 $ 2,216 $ 127 Competitive energy businesses $ 2,147 $ $ 5 $ 93 $ $ 31 $ 751 $ 10 Other** (41 ) (3 ) 29 445 Total Con Edison $ 13,032 $ $ 791 $ 1,899 $ 611 $ 455 $ 33,873 $ 2,194 As of and for the Year Ended December31, 2008 (Millions of Dollars) Operating revenues Inter-segment revenues Depreciation and amortization Operating income Interest charges Income tax expense Total assets* Construction expenditures CECONY Electric $ 7,878 $ 12 $ 521 $ 1,333 $

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities
	12 Months Ended Dec. 31, 2009
Derivative Instruments and Hedging Activities	Note O Derivative Instruments and Hedging Activities Under the accounting rules for derivatives and hedging, derivatives are recognized on the balance sheet at fair value, unless an exception is available under the accounting rules. Certain qualifying derivative contracts have been designated as normal purchases or normal sales contracts. These contracts are not reported at fair value under the accounting rules. The accounting rules for derivatives and hedging were expanded in 2009 to require the Companies to provide users of financial statements with enhanced disclosures about (a)how and why an entity uses derivative instruments, (b)how derivative instruments and related hedged items are accounted for under the accounting rules, and (c)how derivative instruments and related hedged items affect an entitys financial position, financial performance, and cash flows. The accounting rules require qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of and gains and losses on derivative instruments and disclosures about credit-risk-related contingent features in derivative agreements. Energy Price Hedging Con Edisons subsidiaries hedge market price fluctuations associated with physical purchases and sales of electricity, natural gas, and steam by using derivative instruments including futures, forwards, basis swaps, options, transmission congestion contracts and financial transmission rights contracts. The fair values of these hedges at December31, 2009 and 2008 were as follows: Con Edison CECONY (Millions of Dollars) 2009 2008 2009 2008 Fair value of net derivative assets/(liabilities) gross $ (266 ) $ (428 ) $ (137 ) $ (259 ) Impact of netting of cash collateral 162 322 87 224 Fair value of net derivative assets/(liabilities) net $ (104 ) $ (106 ) $ (50 ) $ (35 ) Credit Exposure The Companies are exposed to credit risk related to transactions entered into primarily for the various energy supply and hedging activities by the Utilities and the competitive energy businesses. The Companies use credit policies to manage this risk, including an established credit approval process, monitoring of counterparty limits, netting provisions within agreements, collateral or prepayment arrangements, credit insurance and credit default swaps. At December31, 2009, Con Edison and CECONY had $176 million and $25 million of credit exposure in connection with energy supply and hedging activities, net of collateral, respectively. Con Edisons net credit exposure consisted of $122 million with investment-grade counterparties and $54 million primarily with commodity exchange brokers or independent system operators. CECONYs net credit exposure consisted of $4 million with investment-grade counterparties and $21 million with commodity exchange brokers. Economic Hedges The Companies enter into certain derivative instruments that do not qualify or are not designated as hedges under the accounting rules for derivatives and hedging. However, ma

Fair Value Measurements

Fair Value Measurements
	12 Months Ended Dec. 31, 2009
Fair Value Measurements	Note P Fair Value Measurements The accounting rules for fair value measurements and disclosures define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in a principal or most advantageous market. Fair value is a market-based measurement that is determined based on inputs, which refer broadly to assumptions that market participants use in pricing assets or liabilities. These inputs can be readily observable, market corroborated, or generally unobservable firm inputs. The Companies often make certain assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, and the risks inherent in the inputs to valuation techniques. The Companies use valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. The accounting rules for fair value measurements and disclosures require consideration of the impact of nonperformance risk (including credit risk) from a market participant perspective in the measurement of the fair value of assets and liabilities. At December31, 2009, the Companies determined that nonperformance risk would have no material impact on their financial position or results of operations. To assess nonperformance risk, the Companies considered information such as collateral requirements, master netting arrangements, letters of credit and parent company guarantees, and applied a market-based method by using the counterparty (for an asset) or the Companies (for a liability) credit default swaps rates. The accounting rules for fair value measurements and disclosures establish a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value in three broad levels. The rules require that assets and liabilities be classified in their entirety based on the level of input that is significant to the fair value measurement. Assessing the significance of a particular input may require judgment considering factors specific to the asset or liability, and may affect the valuation of the asset or liability and their placement within the fair value hierarchy. The Companies classify fair value balances based on the fair value hierarchy defined by the accounting rules for fair value measurements and disclosures as follows: Level 1 Consists of assets or liabilities whose value is based on unadjusted quoted prices in active markets at the measurement date. An active market is one in which transactions for assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis. This category includes contracts traded on active exchange markets valued using unadjusted prices quoted directly from the exchange. Level 2 Consists of assets or liabilities valued using industry standard models and based on prices, other than quoted prices within Level 1, that are either directly or indirectly observable as of the measurement date. The industry standard models consider observable assumptions including time value, volatility

Variable Interest Entities

Variable Interest Entities
	12 Months Ended Dec. 31, 2009
Variable Interest Entities	Note Q Variable Interest Entities The accounting rules for consolidation address the consolidation of a variable interest entity (VIE) by a business enterprise that is the primary beneficiary. A VIE is an entity that does not have a sufficient equity investment at risk to permit it to finance its activities without additional subordinated financial support, or whose equity investors lack the characteristics of a controlling financial interest. The primary beneficiary is the business enterprise that absorbs a majority of the VIEs expected losses, receives a majority of its expected residual returns, or both. Con Edison enters into arrangements including leases, partnerships and electricity purchase agreements, with various entities. As a result of these arrangements, Con Edison retains or may retain a variable interest in these entities. Con Edison has a variable interest in a non-consolidated VIE related to Con Edison Developments sole limited interest in an affordable housing partnership that began in 2000. Con Edison Developments maximum exposure to loss as a result of its involvement with the VIE is $4 million at December31, 2009 and 2008. The maximum exposure to loss is the carrying value of the investment less amortization. In addition, Con Edison has guaranteed the debt undertaken by the partnership. See Note H. CECONY did not apply the accounting rules for consolidation to the following five potential VIEs with which it has long-term electricity purchase agreements: Sithe/Independence Power Partners, LP, Cogen Technologies Linden Venture, LP, Selkirk Cogen Partners, LP, Brooklyn Navy Yard Cogeneration Partners, LP, and Indeck Energy Services of Corinth, Inc. In each quarter of 2009, requests were made of the counterparties for information necessary to determine whether the entity was a VIE and whether CECONY is the primary beneficiary; however, the information was not made available. See Note I for information on these electricity purchase agreements.

Asset Retirement Obligations

Asset Retirement Obligations
	12 Months Ended Dec. 31, 2009
Asset Retirement Obligations	Note R Asset Retirement Obligations Con Edison and CECONY account for retirement obligations on their assets in accordance with the accounting rules for asset retirement obligations. This accounting standard requires recognition of a liability for legal obligations associated with the retirement of long-lived assets. When the liability is initially recorded, asset retirement costs are capitalized by increasing the carrying amount of the related asset. The liability is accreted to its present value each period and the capitalized cost is depreciated over the useful life of the related asset. The Utilities include in depreciation the estimated removal costs, less salvage, for utility plant assets. In accordance with the accounting rules for asset retirement obligations, future removal costs that do not represent legal asset retirement obligations are recorded as regulatory liabilities pursuant to the accounting rules for regulated operations. The related regulatory liabilities recorded for Con Edison and CECONY were $371 million and $303 million at December31, 2009 and $378 million and $313 million at December31, 2008, respectively. The Companies identified future asset retirement obligations associated with the removal of asbestos and asbestos-containing material in their buildings and equipment within the generating stations and substations, and within the steam and gas distribution systems. The Companies also identified asset retirement obligations relating to gas pipelines abandoned in place. The estimates of future liabilities were developed using historical information, and where available, quoted prices from outside contractors. The obligation for the cost of asbestos removal from the Companies generating stations and substation structures was not accrued since the retirement dates cannot be reasonably estimated. At December31, 2009, the liabilities of Con Edison and CECONY for the fair value of their legal asset retirement obligations were $122 million, as compared with $115 million at December31, 2008. In addition, Con Edison and CECONY increased utility plant, net of accumulated depreciation, for asset retirement costs at December31, 2009 by $28 million, as compared with $31 million at December31, 2008. Pursuant to the accounting rules for regulated operations, CECONY also recorded a reduction of $94 million and $84 million at December31, 2009 and 2008, respectively, to the regulatory liability associated with cost of removal to reflect accumulated depreciation and interest accretion costs.

Related Party Transactions

Related Party Transactions
	12 Months Ended Dec. 31, 2009
Related Party Transactions	Note S Related Party Transactions The Utilities and Con Edisons competitive businesses provide administrative and other services to each other pursuant to cost allocation procedures approved by the NYSPSC. The costs of administrative and other services provided by CECONY to, and received by it from, Con Edison and its other subsidiaries for the years ended December31, 2009, 2008 and 2007 were as follows: CECONY (Millions of Dollars) 2009 2008 2007 Cost of services provided $ 75 $ 65 $ 64 Cost of services received $ 45 $ 50 $ 45 In addition, CECONY and OR have joint gas supply arrangements, in connection with which CECONY sold to OR $124 million, $183 million and $161 million of natural gas for the years ended December31, 2009, 2008 and 2007, respectively. These amounts are net of the effect of related hedging transactions. CECONY entered into financial contracts on behalf of OR with various brokers and counterparties to hedge purchases of electricity. For the years ended December31, 2008 and 2007, the realized gains recorded as part of purchase power expense is $0.2 million and $5 million, respectively. There were no electric hedging transactions executed by CECONY on behalf of OR for the year ended December31, 2009. FERC has authorized CECONY through 2011 to lend funds to OR from time to time, for periods of not more than 12 months, in amounts not to exceed $250 million outstanding at any time, at prevailing market rates. CECONYs outstanding loans to OR amounted to $113 million, at December31, 2008. There were no outstanding loans to OR at December31, 2009.

New Financial Accounting Standa

New Financial Accounting Standards
	12 Months Ended Dec. 31, 2009
New Financial Accounting Standards	Note T New Financial Accounting Standards In December 2009, the Financial Accounting Standards Board (FASB) issued new guidance for consolidations through Accounting Standards Update (ASU) No.2009-17, Consolidations (Topic 810): Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities. The amendments in this update to the Accounting Standards Codification (ASC) are the result of Statement of Financial Accounting Standards (SFAS) No.167, Amendments to FASB Interpretation No.46(R). The update amends FASB Interpretation No.46(R), Consolidation of Variable Interest Entities (revised December 2003) an interpretation of ARB No.51, to improve financial reporting by entities involved with VIEs and to address the impact of pending amendments to derecognition guidance. Under this new guidance, an entity must perform qualitative assessments of power and economics when determining the primary beneficiary of VIEs. This update is effective as of the beginning of the first fiscal year that begins after November15, 2009. The application of this guidance does not have a material impact on the Companies financial position, results of operations and liquidity. In December 2009, the FASB issued new guidance for transfers of financial assets through ASU No.2009-16, Transfers and Servicing (Topic 860): Accounting for Transfers of Financial Assets. The amendments in this update to the ASC are the result of SFAS No.166, Accounting for Transfers of Financial Assets, an amendment of FASB Statement No.140. This update amends FASB Statement No.140, Accounting for Transfers of Financial Assets, by eliminating the concept of a Qualified Special Purpose Entity, modifying the transferability constraints, requiring consideration of all arrangements made in connection with a transfer, clarifying the legal isolation analysis, providing guidance on when a portion of a financial asset can be derecognized, and modifying the initial measurement of a beneficial interest retained by a transferor. This update is effective as of the beginning of the first fiscal year that begins after November15, 2009. The application of this guidance does not have a material impact on the Companies financial position, results of operations and liquidity. In August 2009, the FASB issued ASU No.2009-05, Fair Value Measurements and Disclosures (Topic 820) Measuring Liabilities at Fair Value. The amendments in this update attempt to reduce ambiguity in financial reporting when measuring the fair value of liabilities through providing clarification on valuation techniques for circumstances in which a quoted price in an active market for the identical liability is not available. The guidance requires companies to measure fair value using valuation techniques provided within the update or those consistent with Topic 820. The update was effective for the first interim or annual reporting period beginning after the updates issuance. The Companies currently record certain derivative liabilities at fair value using valuation techniques consistent with Topic 820. As such, the adoption of this guidance did not have a material impact on the Companies financial positio

Con Edison Development

Con Edison Development
	12 Months Ended Dec. 31, 2009
Con Edison Development	Note U Con Edison Development During the second quarter of 2008, Con Edison Development and its subsidiary, CED/SCS Newington, LLC, completed the sale of their ownership interests in electricity generating plants (Rock Springs, Ocean Peaking Power, CEEMI, Newington and Lakewood) with an aggregate capacity of approximately 1,706 megawatts to North American Energy Alliance, LLC. The sale resulted in total cash proceeds, net of estimated taxes and transaction expenses, of $1,067 million, and an after-tax gain, net of all transaction expenses, of approximately $400 million. In May 2008, Con Edison Energy entered into agreements to provide energy management services, such as plant scheduling and fuel procurement, for the Rock Springs, Ocean Peaking Power and CEEMI projects for one to two years. Such services are expected to give rise to a significant level of continuing direct cash flows between Con Edison Energy and the disposed projects, and to provide Con Edison Energy with significant continuing involvement with the operations of the disposed projects. As a result, under the guidance of the accounting rules for presentation of financial statements discontinued operations, Con Edison has concluded that the Rock Springs, Ocean Peaking Power and CEEMI projects do not qualify for discontinued operations. Accordingly, the results of operations of these projects during 2007 and prior to the completion of the sale in 2008, along with the after-tax gain, net of transaction expenses, of $136 million associated with the sale of these projects, have been reported within continuing operations in the accompanying Con Edison consolidated income statement. Con Edisons competitive energy businesses engaged in certain services for the Newington and Lakewood projects on a short-term basis after the sale. However, such services were much more limited than those provided to the Rock Springs, Ocean Peaking Power and CEEMI projects, and did not give rise to a significant level of continuing direct cash flows between Con Edison and the disposed projects, or provide Con Edison with significant continuing involvement in the operating or financial policies of the disposed projects. As a result, Con Edison believes that the criteria within the accounting rules for presentation of financial statements discontinued operations have been met for the Newington and Lakewood projects. Accordingly, the results of operations of these projects during 2007 and prior to the completion of the sale in 2008 have been reflected in income from discontinued operations (net of income taxes) in the accompanying Con Edison consolidated income statement. The Newington and Lakewood projects had revenues of $143 million and $268 million and pre-tax profit of $7 million and $5 million for the years ended December31, 2008 and 2007, respectively. Income from discontinued operations also includes the after-tax gain, net of transaction expenses, of $270 million associated with the sale of these projects.

Supplementary Financial Informa

Supplementary Financial Information
	12 Months Ended Dec. 31, 2009
Supplementary Financial Information	Supplementary Financial Information Selected Quarterly Financial Data for the years ended December31, 2009 and 2008 (Unaudited) 2009 Con Edison First Quarter Second Quarter Third Quarter Fourth Quarter (Millions of Dollars, except per share amounts) Operating revenues $ 3,423 $ 2,845 $ 3,489 $ 3,273 Operating income 419 372 684 423 Income from continuing operations 183 153 339 205 Net income for common stock 180 150 336 202 Continuing operations $ 0.66 $ 0.55 $ 1.22 $ 0.73 Basic earnings per common share $ 0.66 $ 0.55 $ 1.22 $ 0.73 Continuing operations $ 0.66 $ 0.55 $ 1.22 $ 0.73 Diluted earnings per common share $ 0.66 $ 0.55 $ 1.22 $ 0.73 2008 Con Edison First Quarter Second Quarter Third Quarter Fourth Quarter (Millions of Dollars, except per share amounts) Operating revenues $ 3,577 $ 3,149 $ 3,858 $ 2,998 Operating income 537 338 402 381 Income from continuing operations 303 283 185 163 (Loss)/Income from discontinued operations 3 272 Net income for common stock 303 552 182 160 Continuing operations $ 1.10 $ 1.03 $ 0.66 $ 0.58 Discontinued operations $ 0.01 $ 0.99 Basic earnings per common share $ 1.11 $ 2.02 $ 0.66 $ 0.58 Continuing operations $ 1.10 $ 1.03 $ 0.66 $ 0.58 Discontinued operations $ 0.01 $ 0.99 Diluted earnings per common share $ 1.11 $ 2.02 $ 0.66 $ 0.58 In the opinion of Con Edison, these quarterly amounts include all adjustments, consisting only of normal recurring accruals, necessary for a fair presentation. 2009 CECONY First Quarter Second Quarter Third Quarter Fourth Quarter (Millions of Dollars) Operating revenues $ 2,770 $ 2,220 $ 2,655 $ 2,391 Operating income 434 340 579 363 Net income for common stock 197 136 282 166 2008 CECONY First Quarter Second Quarter Third Quarter Fourth Quarter (Millions of Dollars) Operating revenues $ 2,741 $ 2,294 $ 3,023 $ 2,366 Operating income 445 280 519 424 Net income for common stock 219 121 250 193 In the opinion of Con Edison of New York, these quarterly amounts include all adjustments, consisting only of normal recurring accruals, necessary for a fair presentation.

Schedule I Condensed Financial

Schedule I Condensed Financial Information of Consolidated Edison, Inc. (CONSOLIDATED EDISON INC)
	12 Months Ended Dec. 31, 2009 USD / shares
Schedule I Condensed Financial Information of Consolidated Edison, Inc.	Schedule I Condensed Financial Information of Consolidated Edison, Inc. Condensed Income Statement (Parent Company Only) 2009 2008 2007 (Millions of Dollars, except pershare amounts) Equity in earnings of subsidiaries $ 883 $ 900 $ 946 Other income/(deductions), net of taxes 14 48 8 Interest expense (29 ) (26 ) (29 ) Income From Continuing Operations 868 922 925 Income from Discontinued Operations (Net of Income Tax Expense of $177 and $1 in 2008 and 2007, respectively) 274 4 Net Income for Common Stock $ 868 $ 1,196 $ 929 Earnings Per Common ShareBasic Continuing operations $ 3.16 $ 3.37 $ 3.48 Discontinued operations 1.01 0.01 Net Income $ 3.16 $ 4.38 $ 3.49 Earnings Per Common Share Diluted Continuing operations $ 3.14 $ 3.36 $ 3.46 Discontinued operations 1.01 0.01 Net Income $ 3.14 $ 4.37 $ 3.47 Dividends Declared Per Share Of Common Stock $ 2.36 $ 2.34 $ 2.32 Average Number Of Shares Outstanding Basic (In Millions) 275.2 272.9 266.3 Average Number Of Shares Outstanding Diluted (In Millions) 276.3 273.6 267.2 Condensed Financial Information of Consolidated Edison, Inc. Condensed Statement of Cash Flows (Parent Company Only) 2009 2008 2007 (Millions of Dollars) NET INCOME $ 868 $ 1,196 $ 929 Equity in earnings of subsidiaries (883 ) (1,174 ) (950 ) Dividends received from: Consolidated Edison Company of New York, Inc. 652 618 548 Orange and Rockland Utilities, Inc. 32 31 31 Competitive energy businesses 8 12 43 Other net 85 (462 ) 174 NET CASH FLOWS FROM OPERATING ACTIVITIES 762 221 775 INVESTING ACTIVITIES Contributions to subsidiaries (241 ) (791 ) (701 ) Proceeds from sale of subsidiaries 1,461 NET CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES (241 ) 670 (701 ) FINANCING ACTIVITIES Net proceeds from/(payments of) short-term debt (110 ) (130 ) 157 Retirement of long-term debt (4 ) (200 ) (325 ) Common shares issued 257 42 685 Common stock dividends (601 ) (618 ) (582 ) NET CASH FLOWS USED IN FINANCING ACTIVITIES (458 ) (906 ) (65 ) NET CHANGE FOR THE PERIOD 63 (15 ) 9 BALANCE AT BEGINNING OF PERIOD 17 32 23 BALANCE AT END OF PERIOD $ 80 $ 17 $ 32 Condensed Financial Information of Consolidated Edison, Inc. Condensed Balance Sheet (Parent Company Only) At December31, 2009 2008 (Millions of Doll

Schedule II Valuation and Quali

Schedule II Valuation and Qualifying Accounts
	12 Months Ended Dec. 31, 2009
Schedule II Valuation and Qualifying Accounts	Schedule II Valuation and Qualifying Accounts For the Years Ended December31, 2009, 2008 and 2007 COLUMN C Additions Company COLUMN A Description COLUMNB Balance at Beginning of Period (1) Charged To Costs And Expenses (2) Charged To Other Accounts COLUMN D Deductions** COLUMNE Balance At End of Period (Millions of Dollars) Con Edison Allowancefor uncollectible accounts*: 2009 $ 64 $ 98 $ 87 $ 75 2008 $ 52 $ 85 $ 73 $ 64 2007 $ 49 $ 71 $ 68 $ 52 CECONY Allowance for uncollectible accounts*: 2009 $ 56 $ 93 $ 82 $ 67 2008 $ 46 $ 79 $ 69 $ 56 2007 $ 43 $ 64 $ 61 $ 46 * This is a valuation account deducted in the balance sheet from the assets (Accounts receivable-customers) to which they apply. ** Accounts written off less cash collections, miscellaneous adjustments and amounts reinstated as receivables previously written off.

Document Information

Document Information
	12 Months Ended Dec. 31, 2009
Document Type	10-K
Amendment Flag	false
Document Period End Date	2009-12-31

Entity Information

Entity Information (USD $)
	12 Months Ended Dec. 31, 2009	Jan. 31, 2010	Jun. 30, 2009
Trading Symbol	ED
Entity Registrant Name	CONSOLIDATED EDISON INC
Entity Central Index Key	0001047862
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		281,351,375
Entity Public Float			$10,300,000,000
CONSOLIDATED EDISON CO OF NEW YORK INC
Entity Registrant Name	CONSOLIDATED EDISON CO OF NEW YORK INC
Entity Central Index Key	0000023632
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer